Chapter 1163 Who is the clown
"Don't be foolish. If you want the Federal Reserve to allocate funds, you must get approval from the Ministry of Finance. The Ministry of Finance will never approve this reckless plan. Even if the Ministry of Finance is willing, the American people will not agree. It will be the general election soon. Both candidates cannot agree to such an outrageous plan. This is a plan that will be opposed by all American citizens!" Seeing almost everyone, they showed a look of eagerness to try on their faces, as if they were planning to immediately urge the Federal Reserve to start saving the world. Dr. Cooper immediately poured cold water on everyone without hesitation, so that everyone could wake up.
Indeed, although this idea sounds very beautiful, it is too difficult to succeed.
As Dr. Cooper said, although the Federal Reserve has the right to issue currency, each currency must be issued with the approval of the Ministry of Finance. Therefore, if everyone wants the Federal Reserve to give everyone a blood transfusion, it must handle the Ministry of Finance.
And 400 billion US dollars is not a small number, and for the United States, it is definitely an extremely huge number. The Ministry of Finance itself cannot do this directly, nor does it have the authority to do this.
The normal process is that the Ministry of Finance proposes a bill on this and then hand it over to the Senate for review. After the Senate passes it, it will be handed over to the president to sign and stamp and recognize it.
So after this whole process, it is almost equivalent to being recognized by the entire American political system, and the difficulty is not unusual.
Not to mention that once this news is announced, when the people of the United States know their country and in order to compensate the greedy Wall Street capital, they actually print 4000 billion US dollars to give them blood transfusions, these people will definitely jump in anger and form a huge protest.
The members of the Senate and House of Representatives who rely on elections do not seem to be willing to offend voters and reduce their votes in order to consider the results of the next election.
In particular, this year is the year of the election, and there are still 4 months to be the final decisive battle. Now the candidates of the two parties in the United States are competing for a long time. Who dares to offend the American people at this time? What if it leads to their own losses in the election?
This is absolutely not possible.
Everyone knows these basic political rules and developments, so when Dr. Cooper took the initiative to point out these things, many people's expressions became a little frustrated and shook their heads. It was indeed too difficult to get the Federal Reserve to print money directly.
But everyone looked at Swift again. Since he dared to make this suggestion, there should be a supporting solution to the problem!
Sure enough, hearing the other party's objection, Swift Jr. was prepared and said, "Yes, what Dr. Cooper said is very correct. These are indeed difficulties that will be encountered in the actual processing process?"
"But everyone, will the power of all of us united together be unable to overcome these difficulties? Besides, these difficulties are actually how to convince the politicians to agree with our plan. Politicians are the most unconventional, greedy, and shameless animals in the world. It is actually a simple thing to convince these politicians. Just need the efforts of the boss behind us, which politician dares not listen to us?" Swift's description of politicians made everyone laugh. Because this is indeed the American politicians.
Thinking of this, the difficulty does not seem to be that high. Swift continued at this time, "As for how to promote the 4000 billion US dollars of relief, I have actually formulated a detailed plan! As long as everyone can work together to implement this plan, I promise that it will never harm anyone's interests. On the contrary, everyone has money to make money, and the plan will definitely be successful!"
"Mr. Swift, tell me quickly, what are your plans?" someone asked impatiently.
"My plan is very simple, that is, to solve two core pain points. One is how to solve the opposition of the American people, and the other is how to make politicians nod and agree!"
"The solution to the first pain point is very simple, that is, let those people feel the same pain as us!"
"The subprime mortgage crisis is mainly affected by poor institutions and some unlucky people in the stock market. We feel a lot of pain, so we must let the people feel the same pain as us so that they can understand the necessity of the $4000 billion relief plan."
"It's very simple to make them feel pain, that is, do nothing, just wait for a while!"
"We should stop interfering in the market immediately, and immediately give up all means to maintain the market, so that the market will fall like this and fall wildly. All the stock indexes that fell were circuit breakers, all the stocks that fell exploded, and a large number of companies that fell could not operate and went bankrupt one after another."
"In this way, there will be a large number of unemployment, a large number of people cannot receive wages, and a large number of people are trapped in the abyss of poverty, waiting for rescue from the sky every day!"
"When at that time, we will propose another $400 billion in relief plan to boost the market, solve the employment problems, and give these people some money to temporarily solve their life problems. Do you think this great plan at that time?" Everyone was happy when Swift said the words.
That's right, why didn't they think of such a simple method?
As long as the market falls, the people who fall cannot survive. They will not be opposed at that time, but they may cry and shout to support this relief plan!
"As for the government, as long as the first problem is solved, most of the second problem will be solved. After all, as long as the people do not object, and our respective bosses are behind the efforts, those politicians have no reason to oppose us, unless they will never expect to receive donations from us."
"In addition, I personally have a very good personal relationship with a candidate now, which is the type with similar skin colors. Now this person's election is optimistic all the way. If nothing unexpected happens, he will be the next commander."
"I am willing to come forward to communicate with this person and convince him to actively promote the $4000 billion rescue plan... Forget it, I'll give you a guarantee here. If I can't convince this person to agree, then I'll take off all my clothes and go to Wall Street for a walk?"
Swift's words caused a burst of laughter on the scene, and everyone's faces were filled with joy.
Because everyone is not fool, everyone here is an absolute elite. You can see at a glance that Swift’s plan is perfect to the extreme, and there is almost no possibility of failure.
In fact, it’s enough to figure it out, that is, the various institutions on Wall Street and the US government are actually controlled by a group of people, and they can be called their right and left hands.
Isn't it natural to ask your left hand to pull a trouser chain and help your right hand to take out the crisis and release it?
Of course, some people opposed it at the scene, and some people would stand up and oppose it.
For example, Dr. Cooper said directly at this moment, "Everyone, this plan will never be implemented. This will destroy the US economy and our future!"
"Once the market is allowed to deteriorate and those companies go bankrupt and bankrupt, it can indeed make voters feel pain and then change their attitudes. But in this way, there will be a large number of companies that die, even if there is financial support in the future, it will be impossible for these dead companies to stand up and resurrect again. We will lose a large number of dynamic companies and companies forever."
"It will further lead to the outflow of the manufacturing industry in the United States. We can only import more products from other countries, or more from China, to meet our needs, and these dollars will eventually flow into China. At that time, China will develop a stronger manufacturing industry with the help of our US dollar, but in turn will force our own manufacturing industry to death. This is a suicide act!
"Also, 400 billion US dollars are poured into it directly. How do you let the international market view us? After the destruction of the Bretton Woods system, the US dollar became the US dollar, and the US dollar became a currency that was completely linked to credit!"
"We are now pouring $400 billion into it, which is equivalent to overdrawing the credit of the US dollar. After all, the US dollar we overdraw will eventually flow to other regions of the world, allowing people from these regions to pay for us."
"This kind of behavior seems very good, but what is ultimately overdrawn is our credit. Now there are many countries in the world who are dissatisfied with the US dollar. If we try this, more people will feel desperate about the US dollar."
"So there may not be any big impact now, but this is definitely a bad start. In the next 10 and 20 years, it may cause turbulence in the status of the US dollar. Once the US dollar cannot become the world currency and once the world refuses to use the US dollar to settle transactions, the collapse of the US dollar is a fact that the naked eye can see."
Dr. Cooper was analyzing these things with great thoughts, but no one seemed to be willing to listen to him at the scene. Instead, he gathered enthusiastically around Swift and kept asking for more details of Swift's plan.
Swift Jr. also made complete preparations and all the details were formulated very well, so the answers were answered, which made everyone feel confident about this $4,000 billion rescue plan.
As for Dr. Cooper who was barking over there... I care about what this guy was saying. Can this guy's nonsense save him from the quagmire?
If not, then that's fart.
Chapter completed!